Swift isnt visa/mastercard its something else. Its based in europe so despite being dominated by american banks the eu would be ok using it, but china etc. do not want to rely on it and are making an alternative.
The eu is planning alternatives to visa/mc, not swift.
Swift isnt visa/mastercard its something else. Its based in europe so despite being dominated by american banks the eu would be ok using it, but china etc. do not want to rely on it and are making an alternative.
The eu is planning alternatives to visa/mc, not swift.
Yes, I should have put it down more nuanced. I’ll update it.
Indeed we already have a “swift” system: SEPA and T2 for EUR-EUR settlements.